North America Vegetable Seed Market 2020 Precise Outlook - Bayer CropScience, Groupe Limagrain, Syngenta, Sakata, BASF SE, Rijk Zwaan, and Takii & Co

The North America Vegetable Seed Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

The North America Vegetable Seed Market is projected to register a CAGR of 7.6% during the forecast period (2020-2025). By vegetable type, the markets for the hot pepper, eggplant, Chinese cabbage, sweet pepper, sweet pepper seeds, and lettuce seeds are expected to witness the fastest growth rate during the forecast period. The major players in the market studied are Bayer CropScience AG, BASF SE (Nunhems BV), Groupe Limagrain, Sakata Seed Corporation. The companies are majorly involved in mergers and acquisitions (M&A) and new development of hybrid varieties of vegetable seeds in North America regions.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the North America Vegetable Seed Market: Bayer CropScience, Groupe Limagrain, Syngenta, Sakata, BASF SE, Rijk Zwaan, and Takii & Co. The top seven industry players, together, contribute to more than half (around 54.12%) in the North American vegetable seed sale.

August 16, 2018: BASF closes acquisition of vegetable seeds business from Bayer

Today, BASF closed the acquisition of Bayer’s global vegetable seeds business, mainly operating under the brand Nunhems®. The transaction adds a well-recognized brand with a very successful business track record to BASF’s portfolio. The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes well-established, strong R&D and breeding systems with over 100 unique breeding programs in more than 15 crops. The addition of the vegetable seeds business enhances BASF’s global offer to farmers. It strengthens BASF’s seed platform and complements the recently expanded Agricultural Solutions portfolio, which includes seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming.

This closing completes BASF’s acquisition of a significant range of businesses and assets with combined 2017 sales of €2.2 billion, which Bayer offered to divest in the context of its takeover of Monsanto. The all-cash purchase price amounts to a total of €7.6 billion, subject to certain adjustments at closing.

Jan. 28, 2020: Limagrain: The group is embarking on a legume sector

Nearly 800 hectares of pulses should be sown this campaign by Limagrain, which achieved a turnover of 1.88 billion euros.

The Limagrain cooperative has already created supply chains from upstream to downstream, such as that of wheat transformed into sliced bread by the industrial baker Jacquet. To date, the cooperative is in the midst of thinking about launching into another sector, that of pulses intended for human consumption. Almost 800 hectares should be sown this season. In addition, Limagrain Ingrédients should build a new mill by 2022. During a press conference held on January 14 in Paris, Limagrain delivered some figures inherent to the past campaign. The group achieved 1.88 billion euros in turnover,not to mention 678 million euros made jointly with its partners. International accounts for 78%. This turnover is divided into six activities: 4% for Limagrain Coop, 34% for field seeds, 36% for vegetable seeds, 3% for garden products, 7% for Cereal ingredients, and 16% in bakery. Limagrain has become number one in vegetable seeds. The group's net profit amounts to 80 million euros, and almost 16% of turnover is devoted to research. Over 5,000 varieties are marketed, covering 60 plant species. Also, 255 new varieties were created and put on the market during the year. Finally, Limagrain has more than 10,000 employees, more than 20% of whom are employed in research.

Key Market Trends

Decrease in Per Capita Arable Land
In North America, the area under cultivation for vegetable seed was approximately 1.29 million hectares in 2005, which was reduced to 1.03 million hectares in 2018. With the use of HYVs and hybrid varieties, the need to produce more from the decreasing per capita arable land to get higher returns can be possible. This trend is encouraging farmers to shift their focus from conventional seed sources to packaged seeds that promise better returns. The major players within the market are majorly focusing on research and development activities in order to produce new varieties of seeds that are embedded with the characteristics of high yield with less crop damage. Thus, the decreasing per capita arable land is going to drive the North America vegetable seeds market by increasing the production of HYV and hybrid variety seeds in various countries of North America.

Increasing Consumption in United States
The hybrid seeds of tomato, lettuce, and sweet pepper are the highest in demand. California, North Dakota, Idaho, Michigan, Minnesota, Washington, and Wisconsin are the major vegetable seed markets in this region. Broccoli and spinach are highly concentrated in California. Collectively, 42% of farmers are major target customers for hybrid vegetable seeds in the United States. A large portion of the vegetable-growing community in the country prefers hybrid, high-yielding, and disease-resistant varieties of vegetables. As domestic demand for fresh vegetables remains high in the country with the total vegetable production falling by 10% from 2017 to 2018, the need for an increase in the production level is paramount, thus, giving a boost to the vegetable seed market in the US during the forecast period.

Influence Of The North America Vegetable Seed Market Report:

-Comprehensive assessment of all opportunities and risk in the North America Vegetable Seed market.
- North America Vegetable Seed market recent innovations and major events.
-A detailed study of business strategies for growth of the North America Vegetable Seed market-leading players.
-Conclusive study about the growth plot of North America Vegetable Seed market for forthcoming years.
-In-depth understanding of North America Vegetable Seed market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the North America Vegetable Seed market.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The North America Vegetable Seed Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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